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UNCTAD: Gaza will need a new Marshall Plan for reconstruction after the war

World News

15-02-2024 | 08:06

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UNCTAD: Gaza will need a new Marshall Plan for reconstruction after the war

A UN official at the United Nations Conference on Trade and Development (UNCTAD) said on Thursday that Gaza would require a new "Marshall Plan" to recover from the conflict between Israel and Hamas, adding that the damage already equals about four times what the territory suffered in a previous war.

Richard Kozul-Wright, Director at UNCTAD, stated during a meeting at the United Nations in Geneva, "This will require a new Marshall Plan," referring to a plan for economic recovery for Europe after World War II.

He further noted that the damage already amounts to four times that inflicted on Gaza during the seven-week war in 2014.

Reuters

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